Partial List of Previous Projects
Heritage Square
Riverwalk-CA
Cambria Riverwalk
Commons, Riverside CA
Shores Apartments
Marina Del Rey
Heritage Square
Riverwalk-CA
Cambria Riverwalk
Commons, Riverside
Shores Apartments
Marina Del Rey
Team members have assembled and sold several large tracts of land including The Left Bank on 7th Street in Fort Worth, Texas & the New Town Lake project in Fort Worth which required purchasing 30+ businesses. The assembly began in 2001 and was sold in 2007 for over $35 million.
Team members have assembled and sold several large tracts of land including The Left Bank on 7th Street in Fort Worth, Texas & the New Town Lake project in Fort Worth which required purchasing 30+ businesses. The assembly began in 2001 and was sold in 2007 for over $35 million.
Partial List of Phoenix Group Team Prior Projects
• Barton Creek the Woods II – 76 home sites, 72-hole golf course
• Cotana Shores, River Place – 48 home sites, 18-hole golf course
• Flintrock Falls – 440 lots, 18-hole golf course, multi-family
• Oak Bluff Estates – 157 home sites
• Forest Creek – 1800 lots, 18-hole golf course, multi-family, retail
• The Vineyards – 57 gated home sites
• Forest Ridge – 660 home site master-planned community, multi-family
• Oak Hollow – 82 home site master-planned community
• Sunset on the Lake – 44 water front lots on Lake Austin
• The Reserve – 48 home site master-planned community
• Los Lomas – 220 home site master-planned community
• Canyon Springs – 800 home sites, 18-hole golf course, multi-family, retail
• Summit Rock, H.S.B. Resorts – 550 home sites, 18-hole golf course, multi-family, retail
• Red Hawk – 41 estate home sites
• Escala at the Canyons – 77 unit ski-in-ski-out luxury condo development in Park City
• Wild Horse – 249 home site community
• Escondido II – master-planned community, 440 home sites
• Freedom Hills – master-planned community, 257 home sites
• Lucky Ranch – master-planned community, 600 home sites
• Rocky Creek – 500 estate home sites, greenbelt lots, multi-family, retail
• Lakeway Medical Campus (LMC) – 66 acre CCRC campus; medical office buildings, 106 bed hospital, 3 restaurants, SNF site, 2 hotel sites, IL, ALMC, daycare, and retail
• Hyatt Hotel Project – 256 key door Downtown Houston
Previously developed and operated facilities (now sold) in Florida, Tennessee, Texas and Oklahoma:
Estates
Lewisville, Texas 49 Units Assisted Living 111 Units Independent Living
Estates
San Antonio, Texas 198 Units Independent Living
Estates
Edmond, Oklahoma 48 Units Assisted Living 125 Units Independent Living
Estates
Garland, Texas 111 Units Independent Living
Park
Fort Pierce, Florida 68 Units Assisted Living 59 Units Independent Living
Barrington
Largo, Florida 33 Units Assisted Living 116 Units Independent Living
Palm Bay
Palm Bay, Florida 170 Units Independent Living
Heights
Winter Haven, Florida 30 Units Assisted Living 100 Units Independent Living
Partial List of Prior Project Returns
| Market Rate Apartment Communities | |||||
| Project Name | Location | Date Purchased | Date Sold | Gross Disposition | IRR |
| Churchill Park | San Antonio, Texas | December 2002 | January 2006 | $20,750,000 | 22.35% |
| Bitterwood Ranch | San Antonio, Texas | June 2003 | March 2012 | $11,094,251 | 26.02% |
| Greentree | Glendale, Arizona | April 2004 | July 2005 | $10,955,033 | 71.19% |
| Fifth Avenue | San Antonio, Texas | May 2004 | March 2012 | $12,398,404 | 24.75% |
| McCain Park | Little Rock, Arkansas | May 2004 | October 2013 | $17,400,000 | 19.82% |
| Cameron Creek | Fort Worth, Texas | June 2002 | June 2008 | $20,750,000 | 10.93% |
| El Dorado Ranch | Webster, Texas | June 2001 | Sept 2008 | $11,050,000 | 11.95% |
| Mission Village | Bossier City, LA | December 2000 | July 2004 | $7,300,000 | 27.35% |
| Fountains of Tomball | Tomball, Texas | June 2008 | July 2014 | $13,583,438 | 13.74% |
| Villages at Sage Creek | Austin, Texas | June 2008 | March 2015 | $47,000,000 | 11.67% |
| The Park at Walnut Creek | Austin, Texas | June 2008 | March 2015 | $47,000,000 | 17.20% |
| Note: All of the assets were going concerns at the time of acquisition. Returns are from value add and calculated from acquisition to disposition. | |||||
Active Adult Prior Project Statistics
| Property | Units | Total RSF | Cost | Disposition Value | Margin |
| Ravines at Holly Creek | 86 | 137,600 | $14 M | $18,060,000 | 22.48% |
| Ravines at Creekside | 105 | 168,000 | $16.5 M | $23,625,000 | 30.16% |
| Camelia Village at Furman | 68 | 108,800 | $11.5 M | $14,620,000 | 21.34% |
| Village of Ashwood | 84 | 134,400 | $15 M | $19,068,000 | 21.33% |
| Village at Greenway | 78 | 136,500 | $9.5 M | $17,784,000 | 47.01% |
| Ravines at Woodridge | 86 | 137,600 | $14 M | $18,060,000 | 21.37% |
| Magnolia Estates | 476 | 660,000 | $76 M | $96,903,000 | 20.96% |
| Wellstone at Craig Ranch | 205 | 615,000 | $89 M | $103,749,711 | 13.45% |
| Wellstone at Middlecreek | 96 | 168,000 | $43.5 M | $47,616,000 | 8.84% |
| CooperLife at Craig Ranch I | 143 | 410,839 | $93 M | $123,819,249 | 24.89% |
| Wellstone at Mableton | 94 | 169,200 | $26 M | $30,550,000 | 14.92% |
| Wellstone at Bluffton | 178 | 320,400 | $25 M | $33,108,000 | 24.49% |
| 1,699 | 3,166,339 | $433 M | $510,147,812 | 22.6% | |
| RSF = Rentable Square Footage | |||||
Partial List of Phoenix Group Team Prior Projects
Garden Style
• Watercolor Apartments
• Ladera Hill Country Apartments
• Waterford Springs
• Ethos Apartments
• Hudson at McKinney Ranch
Texas Wrap / Podium
• The Bel Air
• Residences at La Cantera
• Zang Triangle
• Birdsall Memorial Apartments
• 2411 Washington
Big House
• The Preserve at Fredericksburg
• Newport on the Lake
• Sandstone Ridge
E Urban
• Hebron 121 Station
• Hebron 121 Station Phase II
• Park Avenue
• Harmony Hill Luxury Apartments
Retro Fit
• Broadway Lofts
• Broadway Lofts Phase 2
Mid-Rise
• Metropole
• The Vistana Apartments
High-Rise
• 2929 Westlayan
• Vidorra Condominiums
Student Housing
• Forum at Denton Station
• Forum at Statesboro
• 2818 Place
Senior Living
• Town Village Retirement Center
• Villa de San Antonio
Pinnacle Bank Place, a five-story, 164,263-sq-ft building in downtown Fort Worth, houses 130 luxury one- and two-bedroom apartments averaging 865 sq-ft each. Features include a 25,064-square-foot concrete podium for retail, 112,862 net rentable sq-ft, and a 7,936-square-foot resident clubhouse. A pedestrian bridge connects the main building to a 170,360-sq-ft parking garage with 453 dedicated spaces.
A four- and five-story, wood-frame apartment complex on 3.3 acres in Dallas, Zang Triangle includes 260 units, a two-story clubhouse, and five-story parking garage with approximately 400 spaces. The clubhouse showcases a two-story, handcrafted sculpture before a series of two-story storefront windows. Amenities include a large, urban-landscaped lounge and courtyard with a pool and spa.
Hebron 121 Station in Lewisville spans 13.58 acres, comprising four three-story wood-frame buildings with 234 units, 19 attached public garages, and 55 covered parking spaces. Its entrance showcases brick pavers, railroad ties, palm trees, and landscaping. Clubhouse houses managing and leasing offices, a business center, fitness, game rooms, kitchen, and patios. Amenities include a pool, cabana, and dog park.
The Hebron 121 Station Phase II project, a 488,000-square-foot continuation of Huffines Communities’ award-winning, 90-acre multifamily community in Lewisville, features the addition of 444 apartments, a resort pool complex, a 14,000-square-foot clubhouse, open village greens, and an expansion of the lakefront boardwalk. Phase I project totals include 366,240 square feet and 234 apartment units on 13.58 acres.
The San Antonio-based Broadway Lofts project renovates and completes a 3.87-acre, 19-building apartment complex, offering 268 units with party, workout, and storage rooms. Exterior features include stone/concrete walls, cantilevered patios, and steel bridges. Roofs use TOP Membrane with ballast, and the parking garage has a corrugated metal roof. Total square footage: 179,316 for units, 252,566 for gross area.
Broadway Lofts Phase II in San Antonio converts a vacant four-story building into commercial office space and loft-style apartments. The ground level offers 11,378 square feet of commercial space, while upper floors house 39 loft-style apartments across 12 floor plans. Amenities include polished concrete floors, stainless steel appliances, washer/dryer connections, Pella Windows, and private balconies.
HUD Previous Participation
112-35416
Oaks of Vista Ridge
501 Highland Drive
Lewisville, Texas 75067
Units: 276
113-35115
Eastchase Villas Apartments
8151 John T. White Road
Fort Worth, Texas 76120
Units: 176
116-35121
Cuestas Apartments
2800 N. Roadrunner Parkway
Las Cruces, New Mexico 88001
Units: 104
133-EE008
Casa Bienvivir Project
950 N. Carolina Drive
El Paso, Texas 79915
TX-P003-003-A
Martin Luther King Apartments
El Paso, Texas
Modernization
115-35458
The Meadows at Bentley Drive
San Antonio, Texas 78218
Units: 208
114-35505
Lakeforest Apartments
19780 Atascosita Shores Drive
Humble, Texas 773 46
112-35423
Heather Creek Apartments
1540 North Galloway Avenue
Mesquite, Texas 75149
Units: 200
113- 35131
Falcon Lakes Apartments
6504 Falcon River Way
Arlington, Texas 76017
Units: 248
113-35464
Parkside Towns Townhomes
1300 Lake Park Way
Richardson, Texas 75079
Units: 135
112-35429
Cascades Apartments
2000 Country Club Drive FM 1387
Wylie, Texas 75098
Units: 180
113-35375
The Reserve at Sandstone Ranch Apartments
1200 Sean Haggarty
El Paso, Texas 79934
Units: 246
113-35374
Zang Triangle Apartments
390 Oakenwald St.
Dallas, Texas 75208
Units: 260
113-35357
The Reserve at Towne Crossing Apartments
3400 Hwy 259 N.
Longview, Texas 75605
Units: 216
115-35587
Broadway Lofts Apartments
303 Roy Smith Street
San Antonio, Texas 78215
Units: 268
113-35373
Hebron 121 Station Apartments
880 Union Station Parkway
Lewisville, Texas 75057
Units: 234
113-35383
Venue at Monticello Apartments
5001 N. Mesa Drive
El Paso, Texas 79912
Units: 290
113-35509
Hebron 121 Station Phase 2 Apartments
880 Union Station Parkway
Lewisville, Texas 75057
Units: 444
Previous Land Arbitrage Projects
This 300-acre tract was 100% in the 100-year flood plain. We purchased at $3 million, zoned it, engineered it, and sold it as is for $30 million; all within 18 months.
Purchase Price: $3M
Reclamation Cost: $3M
Appraised Value: $40M
Sale Price: $30M
Reclaimed 150-acres, dredged the lake, moved 1.2 million cubic yards of dirt, and filled 15 feet.
Purchase Price: $2M
Reclamation Cost: $1.5M
Appraised Value: $18M
Sale Price: $15M
Purchased this 19-acre tract. It was 100% in the 100-year flood plain. It was on the West Fork Trinity River between the levees. We engineered it, permitted 300 apartments.
Purchase Price: $4M
Reclamation Cost: $0.9 M
Appraised Value: $8M
Sale Price: $7.5M
Previous Like Kind Projects
Featuring 53 apartments for rent and 7 for sale townhomes.
Year: 2014
Used city TIF dollars and HUD 221 (d)(4) financing
Project Cost: $15M
Results: New construction with mixed-use building completed with all 7 townhomes sold.
47-unit mixed-use affordable apartment complex in North Minneapolis.
With Co-op grocery store and Building Blocks Nonprofit in the commercial space on the ground level.
Year: 2015
This development was a public/private partnership that used Tax-Exempt bonds and 4% Low Income Housing Tax Credit Equity along with 11 other sources.
Secured financing from 12 different sources to close this deal.
Project Cost: $12M
64-unit mixed-use affordable apartments with 20,000 square feet of community service space on the 1st floor.
Secured partnership with job training center to locate in our building for people in the community.
Closed June 2019
Personally, secured financing from 11 different sources to close this deal as well.
Project Cost: $18M